Tuesday, 13 December 2011

Jonathan Sacks on the Immorality of Capitalism

The Chief Rabbi Jonathan Sacks in a recent address to European Roman Catholics in Rome said:

Capitalism is a sustained process of creative destruction. The market undermines the very values that gave rise to it in the first place. The consumer culture is profoundly antithetical to human dignity. It inflames desire, undermines happiness, weakens the capacity to defer instinctual gratification and blinds us to the vital distinction between the price of things and their value.

Read the whole address Has Europe lost its soul to the markets? published in The Times yesterday at the Chief Rabbi's website

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